The Wisconsin public pension system rode the wave of rising equity markets last year to post a gain of 13.5 percent in its main investment fund while beating the benchmarks it set for itself.
The state’s retirement system, considered one of the healthiest in the nation, saw returns of 35.4 percent on its U.S. equity investments, according to preliminary data released by the State of Wisconsin Investment Board, which manages the funds.
The system’s largest component, the Core Fund, had assets of $86.5 billion at the end of 2013. The 13.5 percent return surpassed the benchmark of 12.9 percent the board had set.
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